Tax Prep Services

We perform a wide array of personal tax returns that include self-employed individuals, parents with household employees, retirees with retirement distributions, students, families with investments, and more. Our goals are to complete your personal tax returns accurately and efficiently year after year.

Limited Liability Companies
Limited Liability Companies, often referred to as LLCs, are disregarded entities in the eyes of the IRS. Single member LLCs are taxed like sole proprietors and multiple member LLCs are taxed like partnerships.
Each Massachusetts LLC is required to file an annual report and pay an annual fee with the secretary of state.

A partnership is any unincorporated business that is operated by more than one person or entity. Partnerships file form 1065. Income and deductions are passed through to partners on form K-1. We often prepare partnership tax returns in conjunction with individual tax returns.

S Corps
S Corporations (S Corps) are similar to partnerships because they are pass-through entities. S Corps are different from partnerships because owners are employees and they are required to receive reasonable salaries for their positions and payroll is required. There are opportunities for tax-free distributions if shareholders have enough basis. Equity is measured in shares and S Corps file form 1120-S.

Our corporate clients include owners of C Corps, S Corps, Partnerships, Limited Liability Corporations (LLCs), and condo associations. We utilize accounting records, payroll filings, fixed asset listings, balance sheet, profit and loss statements, and other documents to prepare their annual filings

Tax Exempt Organizations
Tax exempt organizations include churches, social clubs, and charities. While in many cases they may not owe any tax, many of these entities still have to file a return with the government. There may be an income tax on unrelated investment income.

Each U.S. citizen can gift up to $14,000 per recipient without filing a gift tax return. Married couples can gift up to $28,000 to a recipient without filing a gift tax return. Gifts in excess of these amounts require gift tax returns on form 709 and amounts will count against the lifetime estate exclusion. Medical expenses and tuition are generally exempt from these rules.

There are two types of trusts, revocable trusts and irrevocable trusts.
A grantor letter should be filed for a revocable trust and its income is taxed on the grantor’s personal tax return. The trust becomes irrevocable upon the grantor’s date of death.
An irrevocable trust files form 1041. Trust documents will determine if the trust or beneficiaries will pay income tax.


Many of our clients own and operate all types of companies including sole proprietorship’s, LLC’s, Partnerships, S Corps, and C Corps. We help business owner’s by helping them pick the right entity type, understanding record keeping, implementing new software’s like QuickBooks, understanding their financial statements, setting up retirement plans, running payroll, and helping them understand the tax and legal implications of their decisions.

Many of our business clients want to incorporate but they don’t know what options are available and what entity type will best suit their needs. We start by asking them questions about their business and their future goals. Once we understand their needs we can help them understand their options and advise them on the advantages of each.

We know that not every business owner understands the intricacies of bookkeeping or QuickBooks. However, almost all business owners, regardless of their industry, need to establish some form of record keeping. We help in a variety of ways depending on our client’s needs. Some of our clients are very hands off and we handle all bookkeeping for them. Others want a better understanding of their business and want help learning how to do it themselves. We are happy to assist in any circumstance.

When businesses are growing there comes a time when extra expertise is needed for a new or unique type of transaction. This could be setting up a retirement plan for yourself or employees, running payroll for the first time, or compiling financial statements for a business loan. Our team has the experience and knowledge to help business owners through these new and confusing situations.

Whatever type of advice you are looking for we will do our best to help. Even if we don’t know the answer, we are part of multiple business networks and hopefully, we’ll be able to point you in the direction of someone who can.


It can be difficult for small business owners to keep up-to-date with their books and records. It takes a lot of time away from running core functions of their business. It may not be many people’s favorite thing to do but it is ours. Bookkeeping is an important part of running a business. It helps the owners understand their financial position and what they need to do to improve.

We provide a full suite of bookkeeping services that include monthly reconciliations, 1099-MISC preparation, W-2 preparation, periodic reporting, tax preparation handoffs, financial statement preparation, cash flows, and projections.

Some clients need one or two of these services and some need all. We let our client decide what works best for them and their business needs. We are happy to assist in any way we can because we understand the value that accurate financial information can bring to a growing business